https://www.taxtmi.com/forum/issue?id=106589 Whether premiums for a lender linked life cover qualify under Section 80C depends on two operative tests: the contract must qualify as a life insurance policy for tax purposes, and the premium must be below the applicable limiting ratio. The advisory states the premium must be less than 10 percent of the sum assured to meet the statutory premium to sum assured threshold for deductibility. en-us Wed, 05 Mar 2014 15:58:49 +0530 Thu, 23 Jan 2025 15:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106589 Whether premiums for a lender linked life cover qualify under Section 80C depends on two operative tests: the contract must qualify as a life insurance policy for tax purposes, and the premium must be below the applicable limiting ratio. The advisory states the premium must be less than 10 percent of the sum assured to meet the statutory premium to sum assured threshold for deductibility. Discussion-Forum Income Tax Wed, 05 Mar 2014 15:58:49 +0530 https://www.taxtmi.com/forum/issue?id=106589